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Silverlong

Bullish entry from small frame consolidation breakout!Alright guys, our bearish cycle started from the price level of ~27.94 and ended at the price level of ~17.59. Considering both these extremes we have a very broad range of over 5000+ pips to play in between. We are now having multiple PAs to confirm our bullish continuation, such as: 1- Major Inverted Head & Shoulders pattern with a broken neckline, marking the reversal to expect higher levels. 2- As target zone 1 (First Supply zone, the first small red box 22-22.6) was hit, we claimed the due correction to back to 20.60s range as elaborated in my previous idea about (see related ideas). 3- We are now headed for the target area of ~23.30-23.45 which is near our 0.618 fibo retracement level resistance. From this level, expect some small frame (H4) connection, our next long entry will be from this consolidation breakout exit if it appears . Therefore, have patience and wait for the sharpest entry. Major Target zone in the big red box is where we probably heading as we break through the Golden resistance at 0.618 Fibo retracement as mentioned in the chart. Best of Luck and Happy Trading :-) The major reversal trend driver is the announcement of the federal reserve over easing out on aggressive monetary policies!
EIGHTCAP:XAGUSDLong
by Uzi-Trades-Forex
4
Bullish on Silver in 2023$SILVER reclaimed critical level and now we are waiting for the retest or confirmation through continuation. NFA, but these are my thoughts here: If you are in a trade, let it ride and look for exhaustion on EMA or RSI If you want to open a trade, check for retests and significant levels to be touched. On the Chart: * Key Levels with Text in Green and Yellow * Pink Plot: 200 day EMA * Orange/Grey Cloud: EMA 21/8 Cross Trend Follower In Panes below: * Awesome Oscillator * KzX RSI showing Divergences
TVC:SILVERLong
by UnknownUnicorn4350803
SILVER (XAGUSD) - LONG Position - SwingI am going long on XAGUSD (Silver). My Elliott Wave count points me to a C leg in an Impulse or Diagonal as the next possible move. XAGUSD Long - Technical Analysis: - ABC (Minute (orange)) sequence - Bullish Bat Harmonic - Bullish Divergence - 78.6-88.6% Fibonacci Retracement of Minor A (white) - 161.8% Fibonacci Extension of Minutes A&B (orange) Silver Buy Orders - Trading Signal: Entry @ 18.10 SL @ 16.40 TP @ 20.00 / 21.40 / 21.80
OANDA:XAGUSDLong
by Lionheart-EWA
13
Is Silver preparing for long bull run?Comparing the last 50 years of the Silver chart along with the 80's market top along with the 2011 market top. We can see a clear cup and handle 42 years in the making. Price action is laid over 2 indicators The Extended Golden Ratio Multiplier The CM Ultimate MA MTF The focus of this chart is the pink fib line of the Multiplier and the green & red CM Ultimate MA. I have the focus area circled with what seems to be the interesting point of the chart and indicators. In 1987 the price of silver tired to push back through the MA lines but was rejected and in 89 the pink line followed and kept falling. in 2019 and 2020 try's the same move but this time price action pops through then corrects and so far seems to have found support on the MA lines. At the same time the pink line is crossing the now red CM Ultimate line which historically has happen every time price action has made moves up for months and months afterwards. We also cannot skip or not touch upon the Dragonfly doji caused in the first half of 2020. This too is usually a very indicator that price action could be moving up over the next few candles and beyond. Although Gold to me is showing some signs of weakness, Silver to me at least from this chart looks like a very bullish for possibly next few years. Let me Know what you think down below. Thanks for looking WeAreSat0shi Stay Blessed!
TVC:SILVERLong
by WeAreSat0shi
XAGGBP All pointing in one direction You are aware that the silver paper market is a fraud. The exchanges and computers are under JP Morgan's supervision, so when they deem it appropriate, the price will rise. Silver is undervalued and is manipulated, as we all know. Physical premiums will certainly skyrocket. If you don't hold on to your silver, it belongs to someone else. Similar to cryptocurrency, keep yourself secure. UK is about to collapse, and unfortunately the pound died with the queen. There is a system in place that aims to reduce economic freedom. Your money will first be destroyed. Keep gold and silver on hand to safeguard your wealth. They have endured throughout time. Silver : $100 $200 $500 ? be ready
OANDA:XAGGBPLong
by I11usion
SILVER BULLISH PATTERN EMERGINGXAGUSD is in the process of formatting a rising wedge pattern on the daily graph which might give a bullish momentum for the instrument in the next couple of days. The weakening of the dollar is also making investments in precious metals more desirable for the investors. RSI indicator is strongly confirming the outlook, being above the 50 neutral line, the confirmation of MACD is weaker, with the histogram still below the 0 value, but still rising. If this trend continues, the price of the instrument might try to reach levels of 21.725, but on the other hand, if the trend reverses, the price might test its previous support at 21.333 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
OANDA:XAGUSDLong
by legacyFXofficial
Silver Levels & Strategy for next few daysDear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. Sagar Bhai, Silver had an excellent run in last 1 month from below 55K level to 63K plus level. Silver has made LH-Lower High pattern on chart, trading below VWAP. Showing sign of tiredness after decent up move. Silver is likely to consolidate or correct from this level. This is a good time to book profit. 59000 to 60000 should be good range to enter in long position for few months. We are likely to get a chance near next US FED hike when US Dollar Index will get stronger. Please review & share your thoughts as well.
MCX:SILVER1!
by manishmgupta
1
Buying Silver at trend of higher lows.Silver - Intraday - We look to Buy at 21.62 (stop at 21.37) Dips continue to attract buyers. Bespoke resistance is located at 22.69. Due to an Ending Wedge formation, we continue to treat extended gains with caution. The trend of higher lows is located at 21.53. Bespoke support is located at 21.62. Preferred trade is to buy on dips. Intraday signals are far from strong. Our profit targets will be 22.36 and 22.56 Resistance: 22.24 / 22.69 / 23.00 Support: 21.62 / 21.53 / 20.78 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAGUSDLong
by OANDA